NAB Statement on Close of Stage Three of Incentive Auction

WASHINGTON,
D.C. -- In response to the close of Stage 3 of the forward auction of the broadcast spectrum incentive auction after just one round of bidding, the following statement can be attributed to NAB President and CEO Gordon Smith:

"The results of the latest round of the TV auction leave us scratching our heads, given the decade-long refrain of a spectrum crunch. We look forward to the next round."

About NAB
The National Association of Broadcasters is the premier advocacy association for America's broadcasters. NAB advances radio and television interests in legislative, regulatory and public affairs. Through advocacy, education and innovation, NAB enables broadcasters to best serve their communities, strengthen their businesses and seize new opportunities in the digital age. Learn more at www.nab.org.